The coming year is when high-speed trading will gain serious momentum in the most populous continent on Earth, said Joseph Gawronski, president and chief operating officer of Rosenblatt Securities, the agency-only brokerage which is one of the largest floor brokers on the New York Stock Exchange.
Rosenblatt Securities, a 31-year-old independent brokerage, is ready for the next stage of its growth: serving as an investment banker for financial technology businesses.
Clarence Woods was attending a community college near Baltimore in 1982 and playing drums in awedding band when one day, to his surprise, the financial world beckoned.
Since TMX Group Inc. (X.T), operator of Canada's largest stock exchange, is losing stock-trading market share to Alpha Group, some suggest that the best course of action for TMX Group would be to buy all or part of Alpha.
The fragmented US equity market – where shares are traded via rapid-fire computers across some 50 different venues – faces a raft of new rules after last week’s wild swing in prices.
In the immediate aftermath of last Thursday's U.S. stock market plunge, stock exchanges trying to contain the damage canceled the trades that appeared to be erroneous.
Regulators try to find exactly what triggered Thursday's free fall and prevent another. Investors shrink back.
The irony of lifeless computer trading is that it'smeant to provide a fair, emotion-free trading platform--but that may be true only when the market itself is trading in a fair, emotion-free way.
When NYSE Euronext announced in February that GETCO, one of the biggest players in high-frequency trading, would become a designated market maker, or DMM, on the New York Stock Exchange floor, the news immediately became a hot topic among both the buy- and sell-side communities. As a DMM (the revised term for an NYSE specialist), GETCO posts bids and offers in 350 NYSE stocks. The firm, which officially assumed the role in April, rolled out about half of the symbols within the first two weeks.